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Property profile & analytics
OFF-MARKET
Office Spaces
1289 Walnut Ave Cookeville, TN 38501-5963
Individually Owned
~
Est. High Equity
Property ID
US80-1226351
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
CONCRETE
Total area
9,490 SF
Lot
1.12 ac (48,840 SF)
Zoning code
C3
APN
071066J B 01500
UPID
US80-1226351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
District Attorney Law Firm
-
Duck Pond Properties Professional Services
-
13th District Attorney General's Office State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Maxwell Gary
Maxwell Gary
since 2026
Last sale
$390,000
6 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$18,527
Tax year 2022
Assessed value
$582,320
Assessed 2023
Previous assessed
$562,800
+3.5% YoY
Effective rate
3.18%
On assessed value
Assessed land
$278,400
Assessed improvement
$303,920
Land market value
$696,000
Improvement market value
$759,800
Total market value
$1,455,800
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
9,490 SF
Lot
1.12 ac (48,840 SF)
Zoning code
C3
APN
071066J B 01500
UPID
US80-1226351
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TN
Zoning C3 · permitted uses
C3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
1.12 ac
Current owner
From public records · entity-resolved
Maxwell Gary
Individual
Mailing address
1289 S WALNUT AVE, COOKEVILLE, TN 38501-5963
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
$1,900,000
Maxwell Gary
Wayne Roberts
Warranty Deed
$1,921,011 · Putnam First Mercantile Bank
Feb 26, 2024
—
Larry Wayne Roberts
Larry Wayne Roberts
Intrafamily Transfer
related
—
Jun 28, 2019
—
Larry W Roberts
Duck Pond Prop One Ge LLC
Warranty Deed
related
$1,304,784 · Farm Credit Svcs
Jun 18, 2008
—
Duck Pond Props One Ge LLC
Duck Pond Properties
Quit Claim Deed
related
—
Dec 18, 1992
$390,000
T L T INC
Unknown
Grant Deed
—
—
—
Duck Pond Props One Ge LLC
—
Deed Of Trust
related
$800,000 · Bank Of Putnam County
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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